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List three (3) distinctions between limited liability partnership and conventional partnership using statute and decided cases.
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List three (3) distinctions between limited liability partnership and conventional partnership using statute and decided cases.

User Anirban Saha
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If you're operating as a limited partnership, the general partner has unlimited liability for company losses and debts, while a limited partner has limited liability protection against company debts and losses. ... In an LLP, all partners have limited liability protection against company obligations and debts.

User A Haworth
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